Truist Financial Corp Sells 8,868 Shares of First Trust Nasdaq Semiconductor ETF $FTXL

Truist Financial Corp trimmed its holdings in shares of First Trust Nasdaq Semiconductor ETF (NASDAQ:FTXL) by 7.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 113,741 shares of the company’s stock after selling 8,868 shares during the quarter. Truist Financial Corp owned about 1.10% of First Trust Nasdaq Semiconductor ETF worth $14,733,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in FTXL. Nilsine Partners LLC boosted its position in shares of First Trust Nasdaq Semiconductor ETF by 4,499.8% during the 4th quarter. Nilsine Partners LLC now owns 175,114 shares of the company’s stock valued at $22,683,000 after acquiring an additional 171,307 shares during the last quarter. CWM LLC increased its position in shares of First Trust Nasdaq Semiconductor ETF by 311.2% in the fourth quarter. CWM LLC now owns 56,375 shares of the company’s stock worth $7,303,000 after purchasing an additional 42,666 shares during the last quarter. Oppenheimer & Co. Inc. increased its position in shares of First Trust Nasdaq Semiconductor ETF by 299.7% in the fourth quarter. Oppenheimer & Co. Inc. now owns 44,920 shares of the company’s stock worth $5,819,000 after purchasing an additional 33,682 shares during the last quarter. Earned Wealth Advisors LLC purchased a new stake in First Trust Nasdaq Semiconductor ETF in the fourth quarter valued at approximately $2,981,000. Finally, TriaGen Wealth Management LLC purchased a new stake in First Trust Nasdaq Semiconductor ETF in the fourth quarter valued at approximately $2,258,000.

First Trust Nasdaq Semiconductor ETF Price Performance

Shares of NASDAQ:FTXL opened at $227.81 on Friday. The company’s fifty day moving average price is $169.31 and its 200-day moving average price is $147.82. The firm has a market capitalization of $2.35 billion, a price-to-earnings ratio of 28.27 and a beta of 1.69. First Trust Nasdaq Semiconductor ETF has a one year low of $76.80 and a one year high of $233.62.

First Trust Nasdaq Semiconductor ETF Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Thursday, March 26th were given a $0.0131 dividend. The ex-dividend date was Thursday, March 26th. This represents a $0.05 annualized dividend and a yield of 0.0%.

First Trust Nasdaq Semiconductor ETF Profile

The First Trust Nasdaq Semiconductor ETF (FTXL) is an exchange-traded fund that is based on the Nasdaq US Smart Semiconductor index. The fund tracks an index of the most liquid US semiconductor companies, weighted according to factors related to value, volatility and growth. FTXL was launched on Sep 20, 2016 and is managed by First Trust.